There is no reason to change the existing BGN/EUR exchange rate, the Bulgarian National Bank (BNB) stated. There have been no talks between representatives of the BNB and the Ministry of Finance on a possible change of the exchange rate, the Bulgarian National Bank added, noting that "such a change is impossible".
Earlier on Wednesday, there were media publications about the existence of a report that talks about such a change. "Such claims about changing the BNG/EUR exchange rate are incompetent and irresponsible," the BNB said. The Bulgarian lev has been pegged to the euro at a rate of 1.95583 leva=1 euro.
The euro area unemployment rate stabilised for the second consecutive month in May at 6.4%, the lowest level since 1998. In Bulgaria the unemployment rate fell from 4.5% in April to 4.4% in May. Youth unemployment (under 25s) in the country is 14%...
The question is not whether Ukraine will join NATO, but when. The answer depends on the theatre of war and the ability to achieve a lasting peace, Bulgarian President Rumen Radev said at the opening of The Economist's 28th Governmental Roundtable, held..
The caretaker government has fulfilled its main task successfully – organizing fair and transparent elections for National Assembly and for European Parliament. All activities were transparent and within the deadlines set, the caretaker cabinet with..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder